C(Mnpw lStiOn llumber.. 10659528 Charity re8i4rntsonnumber. 1175922 SINCERE EDLICATIOli & CLLTURAL DEVELOfMENf LIMITED (PrlYBte COMllY limlted by iTr•lee without ihrn upitl) Annuol Report and FinttnciDI Ststemerts for th¢ Year 31 March 2025
SINCERE EDUCATION & CULTLRAL DEVELOPMENf LIMITED Reference and AdMitratIVe Detsils 'rrustees Iryna Moroz 2. Yuliia Rets 3. Volodymyr ¥£onTrz Prlllcipsl Office l The S4u8re WAiford England WD24 6ND ChArity RegxitrAtioll Nwmb¢r 1175922 Complny R¢gtstratio N•mber 10659528 Independent Exmlner Maxwell Chthered Certified AcQnInts 340 West End Lane London NW6 ILN Page 2 of 8
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SINCERE EDUCATIOIY & CULTURAL DEVEWPMEKf LIMrrED IndeptDdeDt ExxmiD¢rs' R¢port Wc repm on the#¢)Trts for the yearended 11 March 2025 v¢ring1W¢IYc months, which are s¢t ou¢ on pages 6 to 7. Respeellye Responslbilitiw of Trtte% Dd EumiD¢r As th¢ ¢harity's Irtistees y¢)u are rewnsible for the preparation of the accounts: you consider that the audit requirem1 of secriTh1 43(2) of the Charili&% Ad 1993 doBs not apply. It 15 my respoTLsibility to stat< on the b&8is of tluT¢S specified in the genernl dirtttions given by the Chtirity Commissioners under see 43171 of the A¢L whether panicular mauers hAV¢ come to our attertion. BAsli tsfimdependent Euminers. R•port The exarnination w¥s (1 in Eordanc¢ with the Gen Directions 8iven by the Charily Commission. An exarninatson includes a r¢view of the a¢0¢18 rtrds kept and a Lomparison of the acLouMs pr¢sented with those records. Italso included ¢SIdetiOn ofony unusual ituns ordixlosures in the a¢¢ounts and seekin8 explanatio from you as trustees eoneerning any such mRtt¢r5. Th¢ proc¢thLr¢s und¢naken do provide all the evidence that would be required in an audiL and on5¢quontly I do not exwess In wxiii opinion ort thc vicw 8ivets by the ac¢ourts. Ind¢p¢Dd•nt Ex¥Jminerg' Sttsment tn connertion with my examin10 no mallern hve come to my attention: 11 which give5 me ffasonablc to believe in any material res the requirements to keep accountin¥ rc¥ords in a¢¢dIn¢¢ with section 41 of th¢ Act andto prCre ¢VUnL8 which a¢¢ord with accountin8 rcdSandtO comply with the aOUn114mgnts ofth¢ Adhthve not been mel: or 21 to Mthi¢h. in my opinion attention 5hoyld be dra in order enabl¢tO wopeT unders¢gnding of the io be reached. (I Maxwell Chartered Cut[fi Ac¢ounthn 340 West End Lane London NW6 ILN Pog¢ 5 of 8
SINCERE EDUCATION & CULTURAL DEVELOPMENT LIMrrED Income & Expcndiiure Account For the year ended 31 Mah 2025 .Unrestricted Fynds TotAI 2025 Tot41 2024 Incoming resources Donations Tot#1 incoming resources 42.8301 42.830 42,830 96,608 Resources expended Direct chariiable expenses Bank payments Managemeni & administration cxpcnses Total resources expended 46,272 412 14,594 61,278 46,272 412 14,594 61.278 55,718 169 3.531 59,418 Net incominW(out%OiDg) resources before transfer 37190 1 Rtcottcillatlon of funds Total funds brought forward Tolal funds carried forward 75,021 74 Page6of8
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SINCERE EDUCATION & CULTURAL DEVELOPMENT LIMITED Notes to the A¢¢oun¢s For the Yexr Ended 31 March 2025 l. Accounting Polieies l. l AoUntIng Convention The accounts are prepared under the hisiorical c051 convention modified when nessary lo in¢lude the revaluation of certain fixed assets. FRS 102 has been adopted 1.2 Donations and Fund Accounting DonatiotEs received for the general PuoseS of the charity are included as general fund. General funds are unreslricled funds wht'ch are available for the use al Ihe discretion ofthe trustees in furtherarK¢ of the general obj¢¢liv¢ of the Charity and which hav¢ not been designated for oiher purposes. 1.3 Inwming R¢sourccs All incoming resourccs are recognized once Ihc charity has the entiilemenl to the resources, it is Certain that the resources will be received and monelary Val of the incoming resources can be measured with sufficient reliability. 1.4 Govemance Costs There are not any Governance costs associatol with charily. Most of ihe athnirtistrative jobs are done on voluntary basis i.e. free of cosl except Accountants fee. 1.5 Unrestricted Costs General nd includes all donaiions for which donors have not expressed any preference as to how the lunds sliall be sp¢nl. These funds are applied lor any charilable puryose al ihe absoluie disLretion of the trustees ort the objectives set by th¢ In1. 2. Mallfdgement & Admlnlstratlon Expell$es 2025 2024 Travel and subsistence Scrviec chargc5 Postage Staff training and welfare Stationery and printing Subscriptions Bank charges Insurdnce Equipment expensed 01CC expenses Sundry cxpcnses Accountancy fees Advertising and PR 6,832 469 184 71 675 766 142 704 646 169 165 412 127 118 1.474 3.160 15,006 1.453 3,700 Page8of8